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1,375 ft²
Retail / Multifamily
$2,689,000
Sale


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322 Cambie Street offers an excellent opportunity for both investors and owner-users alike. The subject property is currently improved with a charming 3 storey mixed-use building. The main floor, being approximately 1,370 SF, and the lower level is currently leased to Haru Korean Kitchen Inc. until July 31st 2021. The upper two floors feature 9 residential micro-units.* There are multiple opportunities to add value and increase the future rental revenue of the property. *Subject to the City of Vancouver’s Single Room Accommodation (SRA) bylaw. The approved occupancy with the City of Vancouver is eight (8) sleeping units and one (1) housekeeping unit.


The Space
Asking Price$2,689,000
Available Space1,375 ft²
NegotiableYes
Property UseInvestment property
SourceDirect

The Building

The subject property is strategically located on the 300-block of Cambie Street, between West Hastings Street and West Cordova Street, in the trendy Gastown and Crosstown neighbourhoods of downtown Vancouver. The area is characterized by turn of-the-century architecture and is home to many boutique retailers, high profile furniture stores, and a selection of the city’s most popular restaurants and nightlife destinations. Gastown is home to many shops, restaurants, coffee bars, services, public amenities as well as several emerging design firms and leading architectural groups. Trendy neighbourhood eateries such as Pourhouse, Meat & Bread, and L’Abattoir, as well as boutique design shops and clothing retailers such as Herschel Supply Co., Roden Gray, and Inform Interiors, are just steps away. Directly to the east of the subject property is Westbank’s $300 million dollar Woodward’s Development, which is comprised of two residential towers, with 700 plus residential units and national retailers such as London Drugs, Nester’s Market, Toronto Dominion Bank, and Subway.

Property TypeRetail / Multifamily
Floors4
Lot Size1,375 ft²
ZoningHA-2 (Gastown Historic Area)
Year Built1909

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